The non-result will be the first for the junior developer in a while, after several successes in the Texas fields have provided a steady cashflow.

Swabbing has tested gas cut water and traces of oil and the zone is being further evaluated, however the results suggested the zone is not commercial. Work has been suspended pending the outcome of fluid tests and evaluation of this interval within the field.

Equipment is being moved to the Rainosek-1 location to enable production from the 9800 Midcox interval, which earlier tested productive for oil and gas. Plans include the laying of a gas line to tie into the Rainosek-3 producing well.

Rainosek is a development project located in Lavaca County, Texas. The leasehold area comprises approximately 632 acres located on and to the southeast of the Word Field area and is covered by 3D seismic and includes the Rainosek-1, Rainosek-3 and Evans-1 wells and associated production equipment including tanks and pipelines. FAR has a 20% working interest.

FAR also has a 9.375% interest in the Terry Ewing No2 well in the Clear Branch Field which is due to be spudded in early June.